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Rupee hits 5-month high on inflows

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The Indian rupee climbed to a 5-month high on Wednesday boosted by rising dollar inflows into equities, and traders said it could further appreciate if the euro extended gains.

Data from the market regulator showed foreign funds bought $2.5 billion of shares since the start of March, after being net sellers in January and February.

At 11:30am (0600 GMT), the partially convertible rupee was at 44.2500/2525 per dollar, after touching 44.23, its strongest since November 5. It had closed at 44.42/43 on Tuesday.

15 Replies

U
rupee- dollar ratio has been volatile for along time and it still remains the same.
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U
If Dollars goes down and Rs goes up agains dollars then it good for adsense earner because they will get converted money in Rs.
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U
If Dollars goes down and Rs goes up agains dollars then it good for adsense earner because they will get converted money in Rs.


the same applies to all the non resident indians.they all convert dollars to rupees.....
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U
Yes right but not good for them who are expencing in dollars instead of Rupees...
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U
My father is living abroad,and he gets his income in dollars,for them its good. But for India not at all.
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U
My father is living abroad,and he gets his income in dollars,for them its good. But for India not at all.
correct ronark...we indians should always think of developing the economy of our country.so ruppe value must go high....
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U
This is good news. Lets hope that it continues. Hike in valuation of Indian money is necessary.
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U
This is good news. Lets hope that it continues. Hike in valuation of Indian money is necessary.


not necessary now...such a hike now will only destabilize our economy...
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U
The RBI has to take necessary action to maintain the rupees value. what we can do
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U
The RBI has to take necessary action to maintain the rupees value. what we can do


Rupee continues to depreciate more.... today, it reached 50.8
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U
This is bad from this i had known that we are depending on the US.
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U
This is bad from this i had known that we are depending on the US.


If rupee depreciates more then we are not far away from the global recession.
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U
Today, rupee ended at Rs 50.9 versus Dollar. It may soon reach 52 till december.
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U
Today, rupee ended at Rs 50.9 versus Dollar. It may soon reach 52 till december.


can you give me any reason why this is happening? i have no idea..
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U
Today, rupee ended at Rs 50.9 versus Dollar. It may soon reach 52 till december.


can you give me any reason why this is happening? i have no idea..


Its happening because demand of US dollar has increased in market. There are other factors as well like crude, inflation, job cuts.
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Topic Author

A

Abhishek Dua

@abhishekdua

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Created Wednesday, 06 April 2011 15:06
Last Updated Tuesday, 30 November -0001 00:00
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